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Trending ETFs

ONE CHOICE 2045 PORTFOLIO

mutual fund
AROIX
Payout Change
Pending
Price as of:
$17.41 +0.07 +0.4%
primary theme
Target-Date 2045
AROIX (Mutual Fund)

ONE CHOICE 2045 PORTFOLIO

Payout Change
Pending
Price as of:
$17.41 +0.07 +0.4%
primary theme
Target-Date 2045
AROIX (Mutual Fund)

ONE CHOICE 2045 PORTFOLIO

Payout Change
Pending
Price as of:
$17.41 +0.07 +0.4%
primary theme
Target-Date 2045

Name

As of 05/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$17.41

$1.53 B

1.60%

$0.28

0.91%

Vitals

YTD Return

5.3%

1 yr return

14.1%

3 Yr Avg Return

1.5%

5 Yr Avg Return

7.8%

Net Assets

$1.53 B

Holdings in Top 10

76.5%

52 WEEK LOW AND HIGH

$17.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.91%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 15.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 05/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$17.41

$1.53 B

1.60%

$0.28

0.91%

AROIX - Profile

Distributions

  • YTD Total Return 5.3%
  • 3 Yr Annualized Total Return 1.5%
  • 5 Yr Annualized Total Return 7.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.01%
DIVIDENDS
  • Dividend Yield 1.6%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    ONE CHOICE 2045 PORTFOLIO
  • Fund Family Name
    American Century Investments
  • Inception Date
    Aug 31, 2004
  • Shares Outstanding
    27400245
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Scott Wilson

Fund Description

One Choice 2045 Portfolio is a “fund of funds,” meaning that it seeks to achieve its objective by investing in other American Century mutual funds (the underlying funds) that represent a variety of asset classes and investment styles. The underlying stock funds draw on growth, value and quantitative investment techniques and diversify investments among small, medium and large U.S. and foreign companies. The underlying bond funds invest in fixed-income securities that vary by issuer type (corporate and government), credit quality (investment-grade and high-yield or “junk bonds”) and geographic exposure (domestic and international). Short-term investments include underlying funds that invest in fixed-income or debt instruments and have a shorter-term weighted average duration, typically three years or less. The following table indicates the fund’s neutral mix; that is, how the fund’s investments generally will be allocated among the major asset classes as of the date of this prospectus.
Equity Securities (Stock Funds) 68.8 %
U.S. Equity 47.4  %
International Equity 19.3  %
Real Estate 2.1  %
Fixed-Income Securities (Bond Funds) 31.2 %
Short-Term Investments (Short-Term Funds) 0.0 %
The target date in the fund name (2045) refers to the approximate year an investor plans to retire and likely would stop making new investments in the fund. The fund assumes a retirement age of 65 and may not be appropriate for an investor who plans to retire at or near the target date, but at an age well before or after 65. As the target date approaches, the fund’s neutral mix will become more conservative by decreasing the allocation to stocks and increasing the allocation to bonds and short-term investments. By the time the fund reaches its target date, the neutral mix will become fixed and match that of One Choice In Retirement Portfolio, which is currently 45% stock funds, 47.3% bond funds and 7.7% short-term funds. The fund is designed for investors who plan to withdraw the value of their account gradually after retirement. The following chart shows how the neutral mix is expected to change over time according to a predetermined glide path.
The portfolio managers regularly review the fund’s allocations to determine whether rebalancing is appropriate. In order to better balance risks in changing market environments, the portfolio managers may make modest deviations from the neutral mix in light of prevailing market conditions. We reserve the right to modify the neutral mix and underlying funds from time to time should circumstances warrant a change.
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AROIX - Performance

Return Ranking - Trailing

Period AROIX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.3% 4.8% 14.2% 96.98%
1 Yr 14.1% 12.5% 25.2% 97.99%
3 Yr 1.5%* -2.3% 6.7% 93.85%
5 Yr 7.8%* 6.3% 11.5% 94.41%
10 Yr 6.8%* 5.2% 9.5% 89.69%

* Annualized

Return Ranking - Calendar

Period AROIX Return Category Return Low Category Return High Rank in Category (%)
2023 11.8% 4.8% 21.3% 87.37%
2022 -21.6% -65.7% -14.5% 39.39%
2021 4.4% -4.7% 18.7% 70.90%
2020 9.5% 2.3% 15.5% 78.53%
2019 12.6% 8.2% 23.0% 85.00%

Total Return Ranking - Trailing

Period AROIX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.3% 4.8% 14.2% 96.98%
1 Yr 14.1% 12.5% 25.2% 97.99%
3 Yr 1.5%* -2.3% 6.7% 93.85%
5 Yr 7.8%* 6.3% 11.5% 94.41%
10 Yr 6.8%* 5.2% 9.5% 89.69%

* Annualized

Total Return Ranking - Calendar

Period AROIX Return Category Return Low Category Return High Rank in Category (%)
2023 14.3% 11.2% 37.0% 97.47%
2022 -17.0% -28.2% 0.1% 38.38%
2021 12.3% 4.2% 22.9% 96.83%
2020 16.4% 7.8% 23.2% 53.11%
2019 22.7% 21.3% 37.2% 94.38%

NAV & Total Return History


AROIX - Holdings

Concentration Analysis

AROIX Category Low Category High AROIX % Rank
Net Assets 1.53 B 6.39 M 79.9 B 38.19%
Number of Holdings 20 2 577 47.74%
Net Assets in Top 10 1.16 B 6.84 M 76.4 B 42.21%
Weighting of Top 10 76.48% 42.8% 107.1% 72.77%

Top 10 Holdings

  1. American Century Diversified Bond Fund 16.23%
  2. American Century Sustainable Equity Fund - G Class 11.24%
  3. American Century Focused Large Cap Value Fund 10.36%
  4. American Century Growth Fund 6.97%
  5. American Century Global Bond Fund - G Class 6.44%
  6. American Century International Growth Fund 5.77%
  7. American Century Mid Cap Value Fund 5.62%
  8. American Century Heritage Fund 4.96%
  9. American Century Emerging Markets Fund 4.90%
  10. American Century High Income Fund 3.98%

Asset Allocation

Weighting Return Low Return High AROIX % Rank
Stocks
99.99% 0.00% 100.06% 15.58%
Convertible Bonds
0.32% 0.00% 1.09% 7.04%
Cash
0.01% 0.00% 20.94% 79.90%
Preferred Stocks
0.00% 0.00% 0.03% 46.73%
Other
0.00% -0.01% 11.52% 63.32%
Bonds
0.00% 0.00% 25.62% 60.30%

Stock Sector Breakdown

Weighting Return Low Return High AROIX % Rank
Technology
19.73% 14.05% 23.99% 30.15%
Financial Services
15.81% 13.09% 18.83% 30.15%
Healthcare
14.20% 10.69% 14.59% 13.07%
Consumer Cyclical
11.66% 8.06% 13.31% 30.15%
Industrials
10.86% 9.12% 12.31% 35.18%
Consumer Defense
6.67% 4.68% 11.06% 50.75%
Communication Services
6.44% 5.69% 10.23% 79.40%
Real Estate
5.50% 1.86% 10.17% 40.20%
Energy
3.43% 2.33% 6.54% 80.40%
Basic Materials
3.32% 3.18% 6.86% 98.49%
Utilities
2.38% 1.89% 8.09% 82.91%

Stock Geographic Breakdown

Weighting Return Low Return High AROIX % Rank
US
99.99% 0.00% 100.06% 15.58%
Non US
0.00% 0.00% 38.46% 51.76%

AROIX - Expenses

Operational Fees

AROIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.91% 0.01% 21.17% 41.71%
Management Fee 0.89% 0.00% 0.89% 98.93%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.29% 56.42%

Sales Fees

AROIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

AROIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

AROIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 15.00% 0.42% 115.00% 28.73%

AROIX - Distributions

Dividend Yield Analysis

AROIX Category Low Category High AROIX % Rank
Dividend Yield 1.60% 0.00% 6.14% 32.16%

Dividend Distribution Analysis

AROIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual SemiAnnual SemiAnnual

Net Income Ratio Analysis

AROIX Category Low Category High AROIX % Rank
Net Income Ratio 1.01% -0.42% 3.87% 62.16%

Capital Gain Distribution Analysis

AROIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Semi-Monthly

Distributions History

View More +

AROIX - Fund Manager Analysis

Managers

Scott Wilson


Start Date

Tenure

Tenure Rank

Dec 31, 2006

15.42

15.4%

Mr. Wilson, Vice President and Portfolio Manager, has been a member of the team since 2013. He joined American Century Investments in 1992, became an analyst in 1994 and a portfolio manager in 2011. He has a bachelor’s degree in business administration from Pepperdine University and is a CFA charterholder.

Richard Weiss


Start Date

Tenure

Tenure Rank

May 28, 2010

12.02

12.0%

Mr. Weiss, Senior Vice President and Senior Portfolio Manager, has been a member of the team that manages the funds since 2010 when he joined American Century Investments. From 1999 to 2010, he was executive vice president and chief investment officer for City National Bank. He has a bachelor's degree in economics from The Wharton School at the University of Pennsylvania and an MBA in finance/econometrics from the University of Chicago, Graduate School of Business.

Radu Gabudean


Start Date

Tenure

Tenure Rank

Apr 08, 2013

9.15

9.2%

Dr. Gabudean, Vice President and Portfolio Manager, has been a member of the team since he joined American Century Investments in 2013. From 2011 until 2013, he was vice president of quantitative investment strategies at Barclays Capital, and from 2007 to 2011 he was vice president of quantitative portfolio modeling at Lehman Brothers/Barclays Capital. He has a bachelor’s degree in economics from York University, Toronto, Canada, and a Ph.D. in finance from New York University, Stern School of Business.

Vidya Rajappa


Start Date

Tenure

Tenure Rank

Jan 29, 2018

4.34

4.3%

Ms. Rajappa, Vice President and Portfolio Manager, has been a member of the team since 2018 when she joined American Century Investments. Previously, she served in roles as senior vice president of multi-asset solutions and senior vice president of global analytics at AllianceBernstein L.P. She has a bachelor’s degree in electronics and telecommunications from PSG College of Technology, Coimbatore, India and a master's degree in statistics and operations research from New York University. She is a CFA charterholder.

John Donner


Start Date

Tenure

Tenure Rank

Dec 01, 2020

1.5

1.5%

John Donner, Portfolio Manager and Senior Quantitative Analyst, joinied American Century in 2012 as a quantitative analyst. He became a portfolio manager in 2018. He has a bachelor's degree in aeronautical and astronautical engineering from the University of Washington and a master's degree in financial engineering from the Haas School of Business at the University of California, Berkeley.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 17.59 5.68 2.41